JPLG.L vs. G500.L

Last updated Jul 16, 2026

JPLG.L (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) and G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) are both Global Equities funds - JPLG.L tracks the MSCI ACWI NR USD while G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg). Both are passively managed. Over the past 5 years, JPLG.L returned 10.14%/yr vs 12.15%/yr for G500.L. A 0.64 correlation means they provide meaningful diversification when combined. JPLG.L charges 0.20%/yr vs 0.05%/yr for G500.L.

Performance

JPLG.L vs. G500.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) and Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPLG.L achieves a 11.63% return, which is significantly higher than G500.L's 9.90% return.

JPLG.L

• 1D: -0.96%
• 1M: -0.36%
• 6M: 9.08%
• YTD: 11.63%
• 1Y: 20.46%
• 3Y*: 14.27%
• 5Y*: 10.14%
• 10Y*: —

G500.L

• 1D: -0.05%
• 1M: -0.03%
• 6M: 9.49%
• YTD: 9.90%
• 1Y: 21.08%
• 3Y*: 19.63%
• 5Y*: 12.15%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPLG.L vs. G500.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JPLG.L JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	11.63%	10.11%	12.09%	7.05%	0.72%	24.67%	9.04%
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg)	9.90%	17.45%	24.98%	24.88%	-19.98%	28.95%	20.65%

Correlation

The correlation between JPLG.L and G500.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020	0.64

Over the past year, the correlation between JPLG.L and G500.L has dropped to 0.43 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

Return for Risk

JPLG.L vs. G500.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPLG.L

JPLG.L Risk / Return Rank: 88
JPLG.L Sharpe Ratio Rank: 92
JPLG.L Sortino Ratio Rank: 91
JPLG.L Omega Ratio Rank: 90
JPLG.L Calmar Ratio Rank: 84
JPLG.L Martin Ratio Rank: 84

G500.L

G500.L Risk / Return Rank: 71
G500.L Sharpe Ratio Rank: 70
G500.L Sortino Ratio Rank: 75
G500.L Omega Ratio Rank: 69
G500.L Calmar Ratio Rank: 66
G500.L Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPLG.L vs. G500.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) and Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JPLG.L	G500.L	Difference
Sharpe ratio: Return per unit of total volatility	2.55	1.81	+0.74
Sortino ratio: Return per unit of downside risk	3.47	2.70	+0.77
Omega ratio: Gain probability vs. loss probability	1.45	1.33	+0.13
Calmar ratio: Return relative to maximum drawdown	3.65	2.65	+1.00
Martin ratio: Return relative to average drawdown	13.44	10.68	+2.76

JPLG.L vs. G500.L - Sharpe Ratio Comparison

The current JPLG.L Sharpe Ratio is 2.55, which is higher than the G500.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of JPLG.L and G500.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPLG.L vs. G500.L - Drawdown Comparison

The maximum JPLG.L drawdown since its inception was -27.53%, which is greater than G500.L's maximum drawdown of -25.20%. Use the drawdown chart below to compare losses from any high point for JPLG.L and G500.L.

Drawdown Indicators

	JPLG.L	G500.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.53%	-25.20%	-2.33%
Max Drawdown (1Y) Largest decline over 1 year	-5.59%	-8.21%	+2.62%
Max Drawdown (3Y) Largest decline over 3 years	-13.65%	-18.22%	+4.57%
Max Drawdown (5Y) Largest decline over 5 years	-13.65%	-25.20%	+11.55%
Current Drawdown Current decline from peak	-1.95%	-0.66%	-1.29%
Average Drawdown Average peak-to-trough decline	-3.25%	-5.31%	+2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	2.04%	-0.52%

Volatility

JPLG.L vs. G500.L - Volatility Comparison

The current volatility for JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) is 2.28%, while Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) has a volatility of 2.79%. This indicates that JPLG.L experiences smaller price fluctuations and is considered to be less risky than G500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPLG.L	G500.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.28%	2.79%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	6.13%	9.28%	-3.15%
Volatility (1Y) Calculated over the trailing 1-year period	8.01%	12.06%	-4.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.91%	15.99%	-5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.67%	15.87%	-2.20%

JPLG.L vs. G500.L - Expense Ratio Comparison

JPLG.L has a 0.20% expense ratio, which is higher than G500.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JPLG.L vs. G500.L - Dividend Comparison

Neither JPLG.L nor G500.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JPLG.L and G500.L in my portfolio?

JPLG.L and G500.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JPLG.L or G500.L?

On fees, G500.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JPLG.L or G500.L?

G500.L is cheaper with a 0.05% expense ratio, compared with 0.20% for JPLG.L.

What is the main difference between JPLG.L and G500.L?

JPLG.L tracks MSCI ACWI NR USD, while G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg). They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.20% for JPLG.L and 0.05% for G500.L.